497VPU 1 supplement.htm SUPPLEMENT

LINCOLN NATIONAL LIFE INSURANCE COMPANY
Lincoln Life Variable Annuity Account N

Lincoln Investor Advantage® RIA, Lincoln Investor Advantage® RIA Class

Supplement dated July 27, 2023 to the
Updating Summary Prospectus for Current Contractowners dated May 1, 2023

This Supplement to your updating summary prospectus outlines important changes that become effective on and after August 21, 2023.  These changes are related to:

a) Appendix A – Funds Available Under The Contract; and
b) Appendix B – Investment Requirements.

All other provisions outlined in your variable annuity prospectus remain unchanged. This Supplement is for informational purposes and requires no action on your part.

The following line items are added to Appendix A – Funds Available Under the Contract:

Investment Objective
Fund and Adviser/Sub-adviser
Current Expenses
Average Annual Total
Returns (as of 12/31/2022)
1 year
5 year
10 year
Capital appreciation.
Fidelity® VIP Consumer Discretionary Portfolio – Initial Class
0.66%
-34.63%
5.98%
10.78%
Capital appreciation.
Fidelity® VIP Consumer Staples Portfolio – Initial Class
0.65%
-0.62%
7.09%
9.96%
Capital appreciation.
Fidelity® VIP Financials Portfolio – Initial Class
0.65%
-8.33%
6.85%
11.10%
Capital appreciation.
Fidelity® VIP Technology Portfolio – Initial Class
0.63%
-35.86%
13.65%
17.08%
To provide long-term capital appreciation.
First Trust Capital Strength Hedged Equity Portfolio – Class I
1.25%
N/A
N/A
N/A


Please retain this supplement for future reference.